Yogiji Digi Limited — DRHP dated July 20, 2026. Fresh issue ₹2,700 mn + OFS up to 7,171,290 shares. Registered office: Faridabad, Haryana. BRLM-side counsel IndusLaw; industry report by CRISIL (commissioned and paid for by the company).
Business
Capital-goods OEM. Manufactures flat steel processing equipment — Cold Rolling Mills, Annealing & Pickling Lines, Pickling Lines, Acid Regeneration Plants, Metal Coating Lines (GI/GL/ZM), Color Coating Lines, Skin Pass Mills, slitting/trimming lines, plus electrical & automation solutions, spares, and revamp/retrofit work. They sell the machinery that makes steel, not steel itself.
Three manufacturing units at Palwal, Haryana — ~14,170 sq m manufacturing area, FY26 installed capacity 6,764.55 MTPA, single-job capacity raised from 70 MT to 120 MT. Fully integrated in-house: design, fabrication, machining, electrical panels, PLC/SCADA software, erection and commissioning. Backward integrated into mill housings, tension reels, paint coaters, roll chocks — components traditionally imported from China/Korea with 6–8 month lead times.
Revenue Model
Order-book/project based. No long-term contracts — runs on purchase orders. Revenue recognised at assembly level on dispatch; collections linked to delivery, commissioning and acceptance milestones. Single order takes 8–15 months; average turnaround 9–10 months.
FY26 product mix: CRM 44.37%, Metal Coating Lines 19.29%, other ancillary lines 15.73%, Revamps & retrofitting 10.28%, Color Coating 8.17%, Spares & components 7.79%, Annealing & Pickling 6.69%, Electrical & automation 1.28%.
Geography FY26: Domestic 80.54% / Export 19.46%. Exports across 10 countries — Middle East 55.31%, Africa 44.58% of export revenue.
